Gifts with Financial Benefits to You


GIFTS WITH FINANCIAL BENEFITS TO YOU

You can receive income for life while you honor America’s law enforcement officers.

If you are considering this type of gift, we recommend that you consult with your financial advisor and a gift planner at the National Law Enforcement Officers Memorial Fund.
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Charitable Remainder Trust. You can receive income for life and reduce your taxes while supporting the Memorial Fund by transferring cash or assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax credit the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to The National Law Enforcement Officers Memorial Fund.

Benefits to you:

  • Receive income for life for you or your heirs.
  • Receive a charitable income tax credit for the charitable portion of the trust.
  • Create your lasting legacy of support for law enforcement officers and their service to our communities.

Charitable Gift Annuities. You can transfer money to a charitable gift annuity and receive income for life.

This plan allows you to give a substantial donation to the National Law Enforcement Officers Memorial Fund while receiving tax-favorable income for life. Charitable gift annuities offer attractive payout rates for those who want to support America’s law enforcement while maintaining an income stream.

Benefits to you:

  • Payments can be made as you prefer on an annual, quarterly or monthly basis.
  • A portion of the payout will be tax-free.
  • Receive an immediate tax receipt for a portion of your gift.
  • Your gift passes to the National Law Enforcement Officers Memorial Fund outside of the estate process.

Please contact Ainsley Stewart, Development Outreach Associate, at astewart@nleomf.org or 202-737-7863 if you have any questions.

Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.

Some legacy gifts made for the Memorial Fund can have substantial tax savings.

Retirement Plan Gift. You can reduce or even eliminate tax liabilities on your retirement plan by naming the Memorial Fund as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts will be taxed if you leave them to your heirs. Instead, consider giving them less-tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with the Memorial Fund.

Benefits to you:

  • Eliminate potential estate tax on retirement assets.
  • Eliminate income tax on retirement assets funded on a pre-tax basis.
  • Receive potential savings from a donation tax credit.

To name the National Law Enforcement Officers Memorial Fund as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

Life Insurance Plan. If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for the National Law Enforcement Officers Memorial Fund.

If the Memorial Fund retains the policy to maturity, or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the National Law Enforcement Officers Memorial Fund.

Benefits to you:

  • Reduce your income taxes.
  • Receive additional donation tax credits by making annual gifts so that the Memorial Fund can pay the premiums.
  • See firsthand the impact your gift makes for law enforcement if the Memorial Fund cashes in the policy.
  • Further the work of the Memorial Fund so that citizens across America can have an understanding of and appreciation for the service of our nation’s law enforcement officers.

Gifts of real estate: This kind of gift is ideal for someone who intends to continue living in their home or property through their lifetime, but still wants to make a charitable gift. You can leave this generous gift by signing an agreement with the Memorial Fund about maintaining the property so you can use it throughout your lifetime. You may even receive a tax deduction for your gift.

Gifts of stock: A gift of stocks, bonds and mutual funds that have appreciated in value are among the best ways to honor and support law enforcement. You may receive a charitable income tax deduction for the full market value of the stock and avoid paying the capital gains tax on any increase in the value of the stock.

Savings bonds. When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. But you can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Because the National Law Enforcement Officers Memorial Fund is tax exempt, 100 percent of your gift of savings bonds will support our shared vision to inspire all citizens the value of law enforcement.

Benefits to you:

  • Reduce income tax for yourself.
  • Reduce income tax and estate taxes for your loved ones.
  • Create your lasting legacy by helping tell the story of American law enforcement and making it safer to serve.

Please contact Ainsley Stewart, Development Outreach Associate, at astewart@nleomf.org or 202-737-7863 if you have any questions.

Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.